Trump arrives in Middle East; stocks surge after tariff pause

President Donald Trump arrived Tuesday morning in Riyadh, Saudi Arabia. This is his first stop of a four-day trip that will include visits to Qatar and the United Arab Emirates. The trip is also the first major overseas tour since Trump returned to the White House. The visit is largely expected to focus on business deals with the oil-rich region. In addition, U.S. stocks have surged after Trump’s top trade officials brokered a de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels.

U.S. and China economic talks; India, Pakistan ceasefire deal

Officials from the United States and China began trade-related talks Saturday, marking the first face-to-face conversations since President Donald Trump placed new tariffs of 145% on Chinese goods. In other news, India and Pakistan agreed to a ceasefire the same day after U.S.-led talks to end the most serious military confrontation between the nuclear-armed rivals in decades.

Trump's U.K. trade deal, China tariffs, immigration and more

Press Secretary Karoline Leavitt hosted a White House press briefing at 1 p.m. on Friday. Leavitt gave the latest updates from the Trump administration and discussed topics including the president's upcoming planned travel to the Middle East, a new trade agreement with the U.K., continued tariff discussions with China and a new deal offered to undocumented immigrants to self-deport for $1,000 plus paid travel fees.

President Trump's budget plan outlined

President Donald Trump is pledging deep cuts in his budget plan for the next year.The president’s $1.7 trillion discretionary budget blueprint would cut $163 billion for the 2026 fiscal year. FOX 35's Matt Finn explains his plan.

Rep. Ocasio-Cortez blasts Trump administration

Rep. Alexandria Ocasio-Cortez hosted a town hall event on Friday, May 2, in Jackson Heights, New York. At the event, she blasted the Trump administration on issues ranging from free speech to DOGE spending cuts and immigration. At one point, the four-term congresswoman called out border czar Tom Homan by name, challenging him to "come for me." There has been some buzz about Ocasio-Cortez running for president in 2028.

President Trump delivers remarks on investing in America

President Donald Trump spoke on Wednesday afternoon at the White House, where he delivered remarks on the benefits and strengths of investing in America. The remarks came as new economic data showed the United States economy shrinking in the first three months of the president's term. During his remarks, Trump thanked CEOs of global companies for their monetary commitment to build and manufacture their product in the U.S., as well as announced five trillion dollars of committed investments and said he believes much more is to come.

U.S. economy shrinks, U.S. and Ukraine reach rare minerals deal

The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s mineral resources in exchange for establishing an investment fund in Ukraine. The U.S. and Ukraine have been trying to hammer out the natural resources deal since President Donald Trump returned to the White House in January. In other political news, the U.S. economy shrank during the first three months of the year, according to figures released by the Commerce Department yesterday. FOX News Correspondent Doug Luzader joins FOX 35 to all the latest political headlines.

U.S. Treasury: DOGE doesn't deny deficit

The Department of Government Efficiency (DOGE) says it has now saved taxpayers more than $150 billion so far, but new date shows that DOGE hasn't made a dent in the deficit because of increased spending. The treasury department reports that spending is up more than $139 billion in the first three months of this yea. The federal government has borrowed $41 million more during that period than last year. Democrats are now questioning where DOGE is adding to the deficit by making cuts that later end up being overturned by the courts.

Tariff battle continues between U.S. and China

The tariff battle is continuing between the United States and China, but the ongoing fight between the two countries is starting to have an impact on how Americans feel about the economy. Despite the fears, the White House says dozens of countries are coming to the table.

Could trade policies help U.S. furniture industry?

There are some signs that President Donald J. Trump's trade policies might be helping the United States furniture industry. Some American manufacturers say they are already seeing some benefits. FOX 35's Chelsea Torres speaks to some of the local businesses in the furniture capital of the U.S. in High Point, North Carolina.

Karoline Leavitt White House press briefing

U.S. President Donald J. Trump's Press Secretary Karoline Leavitt hosted a press briefing at 1 p.m. Friday at the White House. Leavitt discussed several updates from Trump, including immigration, tariffs, economy, inflation and the release of detained Americans abroad.

Markets rebound after Trump's reversal on tariffs

United States stocks skyrocketed higher after President Donald Trump announced the authorization of a 90-day pause on the “reciprocal” tariffs that had gone into effect Wednesday, with the exception of China. Although Wall Street breathed a sigh of relief as the markets rallied, investors said they are not necessarily in the clear.

President Trump's tariffs impact on trade policy

The Senate Finance Committee hosted a hearing on "The President’s 2025 Trade Policy Agenda" on Tuesday morning. The event on Tuesday morning featured conversations surrounding President Donald Trump's tariffs. U.S. Trade Rep. Jamieson Greer answered questions and made comments. Last week, Trump declared foreign trade and economic practices have created a national emergency, and his new order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers. Trump said he refuses to let the U.S. be taken advantage of and believes that tariffs are necessary to ensure fair trade, protect American workers and reduce the trade deficit.

President Trump stands by tariffs plan

President Donald J. Trump is standing by his new tariffs plan, saying it's a short-term pain for a longer-term gain. Last week, Trump declared foreign trade and economic practices have created a national emergency, and his new order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers. Trump said he refuses to let the U.S. be taken advantage of and believes that tariffs are necessary to ensure fair trade, protect American workers and reduce the trade deficit. University of South Florida Professor Emerita (Political Science) and Political Analyst Dr. Susan MacManus weigh in on the tariffs, as well as the other latest political headlines.

Auto tariffs 101: Should you buy now or later?

Joe McCabe, president and CEO of a provider of automobile industry insights called AutoForecast Solutions, joins FOX 35 to talk about President Donald Trump’s new taxes on imported cars, trucks and auto parts, which are expected to raise the price of imported vehicles by thousands. Those price increases will likely extend to American-made cars, maintenance and even car insurance. Trump said Americans shouldn’t rush to buy cars before the tariffs take effect – he’s betting that his tariffs will cause the U.S. economy to boom.